Technical analysts warn of potential downtrend as S&P 500 and Nasdaq 100 trade below 200-day moving average.

From Yahoo Finance: 2025-03-28 18:22:00

The S&P 500 and Nasdaq 100 are trading below their 200-day moving averages, signaling a potential downtrend. Technical analysts are warning of more headwinds in the next quarter. The recent sell-off could mark the start of a new downtrend with lower highs and lows. While the bull market may not be over, the longer stocks trade below the key level, the higher the likelihood of a new downtrend. Katie Stockton, a respected technical analyst, predicts a challenging Q2 for stocks. The 200-day moving average is now acting as a resistance level for stocks, indicating further weakness ahead.



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